Can I retire at age 30 with 1,460,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$120,565$119,492$118,444$117,421$116,422$114,968
2 years$59,686$58,574$57,497$56,452$55,439$53,975
3 years$39,395$38,279$37,204$36,170$35,173$33,746
4 years$29,252$28,139$27,075$26,058$25,086$23,706
5 years$23,168$22,061$21,011$20,015$19,070$17,741
6 years$19,113$18,015$16,980$16,006$15,089$13,814
7 years$16,217$15,129$14,111$13,160$12,272$11,050
8 years$14,047$12,968$11,967$11,039$10,180$9,012
9 years$12,360$11,291$10,307$9,403$8,573$7,458
10 years$11,011$9,953$8,986$8,106$7,305$6,242
11 years$9,908$8,860$7,911$7,054$6,283$5,270
12 years$8,989$7,952$7,021$6,188$5,444$4,482
13 years$8,213$7,187$6,273$5,463$4,748$3,834
14 years$7,548$6,532$5,636$4,849$4,162$3,296
15 years$6,972$5,968$5,089$4,325$3,664$2,845
16 years$6,468$5,475$4,614$3,872$3,238$2,463
17 years$6,025$5,042$4,198$3,479$2,871$2,139
18 years$5,631$4,659$3,832$3,135$2,553$1,863
19 years$5,279$4,318$3,508$2,833$2,276$1,625
20 years$4,962$4,013$3,220$2,566$2,033$1,420
21 years$4,676$3,738$2,962$2,329$1,819$1,243
22 years$4,416$3,489$2,730$2,117$1,631$1,090
23 years$4,180$3,263$2,520$1,928$1,464$956
24 years$3,963$3,057$2,331$1,759$1,316$840
25 years$3,764$2,869$2,159$1,606$1,184$739
26 years$3,581$2,697$2,002$1,469$1,066$650
27 years$3,411$2,538$1,859$1,344$961$572
28 years$3,254$2,391$1,728$1,232$867$504
29 years$3,108$2,256$1,608$1,129$783$445
30 years$2,972$2,131$1,498$1,037$708$392
31 years$2,845$2,014$1,397$952$640$346
32 years$2,726$1,906$1,303$875$579$305
33 years$2,615$1,805$1,217$805$524$270
34 years$2,510$1,710$1,137$740$474$238
35 years$2,412$1,622$1,063$681$430$210
36 years$2,319$1,540$994$628$389$186
37 years$2,231$1,463$931$578$353$164
38 years$2,149$1,390$872$533$320$145
39 years$2,070$1,322$817$491$290$128
40 years$1,996$1,257$765$453$263$113
41 years$1,926$1,197$718$418$239$100
42 years$1,859$1,140$673$386$217$89
43 years$1,795$1,086$632$356$197$78
44 years$1,735$1,035$593$329$178$69
45 years$1,677$987$557$304$162$61
46 years$1,622$942$523$281$147$54
47 years$1,570$899$491$259$134$48
48 years$1,519$858$462$240$121$42
49 years$1,471$819$434$221$110$38
50 years$1,425$783$408$205$100$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,460,000, adding $3,701 every year, while hoping to spend $22,270 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 71/21/8 Blend
29$1,460,000$1,460,000$1,460,000$1,460,000
30$1,612,738$1,535,358$1,512,728$1,724,808
31$1,753,542$1,586,895$1,539,709$1,850,910
32$1,907,961$1,640,211$1,566,848$1,985,783
33$2,077,362$1,695,370$1,594,126$2,132,798
34$2,263,247$1,752,438$1,621,523$2,293,143
35$2,467,274$1,811,483$1,649,019$2,468,128
36$2,691,266$1,872,575$1,676,592$2,659,193
37$2,937,234$1,935,790$1,704,216$2,867,928
38$3,207,392$2,001,204$1,731,867$3,096,077
39$3,504,178$2,068,895$1,759,517$3,345,566
40$3,830,280$2,138,946$1,787,137$3,618,511
41$4,188,657$2,211,444$1,814,695$3,917,246
42$4,582,571$2,286,476$1,842,158$4,244,339
43$5,015,615$2,364,134$1,869,492$4,602,618
44$5,491,746$2,444,515$1,896,658$4,995,198
45$6,015,325$2,527,718$1,923,617$5,425,510
46$6,591,157$2,613,845$1,950,328$5,897,332
47$7,224,536$2,703,004$1,976,744$6,414,827
48$7,921,293$2,795,306$2,002,820$6,982,577
49$8,687,855$2,890,866$2,028,504$7,605,633
50$9,531,302$2,989,804$2,053,745$8,289,556
51$10,459,435$3,092,245$2,078,485$9,040,473
52$11,480,850$3,198,317$2,102,667$9,865,133
53$12,605,017$3,308,155$2,126,227$10,770,970
54$13,842,373$3,421,898$2,149,099$11,766,176
55$15,204,415$3,539,692$2,171,215$12,859,773
56$16,703,815$3,661,687$2,192,500$14,061,701
57$18,354,533$3,788,038$2,212,878$15,382,913
58$20,171,953$3,918,909$2,232,266$16,835,474
59$22,173,025$4,054,468$2,250,580$18,432,676
60$24,376,427$4,194,891$2,267,728$20,189,166
61$26,802,742$4,340,360$2,283,616$22,121,079
62$29,474,648$4,491,064$2,298,144$24,246,193
63$32,417,137$4,647,201$2,311,206$26,584,097
64$35,657,746$4,808,975$2,322,693$29,156,373
65$39,226,820$4,976,598$2,332,487$31,986,801
66$43,157,796$5,150,293$2,340,466$35,101,582
67$47,487,523$5,330,288$2,346,503$38,529,585
68$52,256,602$5,516,824$2,350,462$42,302,622
69$57,509,775$5,710,149$2,352,203$46,455,742
70$63,296,347$5,910,521$2,351,577$51,027,567
71$69,670,648$6,118,209$2,348,427$56,060,652
72$76,692,546$6,333,493$2,342,592$61,601,889
73$84,428,016$6,556,665$2,333,899$67,702,946
74$92,949,757$6,788,026$2,322,169$74,420,758
75$102,337,885$7,027,891$2,307,213$81,818,062
76$112,680,679$7,276,588$2,288,835$89,963,987
77$124,075,425$7,534,457$2,266,828$98,934,708
78$136,629,327$7,801,854$2,240,975$108,814,164
79$150,460,520$8,079,147$2,211,049$119,694,851
80$165,699,187$8,366,719$2,176,814$131,678,690
81$182,488,787$8,664,971$2,138,020$144,877,994
82$200,987,407$8,974,318$2,094,407$159,416,525
83$221,369,256$9,295,194$2,045,704$175,430,661
84$243,826,310$9,628,048$1,991,624$193,070,681
85$268,570,121$9,973,349$1,931,871$212,502,189
86$295,833,816$10,331,586$1,866,132$233,907,671
87$325,874,299$10,703,268$1,794,081$257,488,217
88$358,974,673$11,088,923$1,715,378$283,465,423
89$395,446,912$11,489,103$1,629,665$312,083,474
90$435,634,810$11,904,382$1,536,572$343,611,459
91$479,917,221$12,335,357$1,435,707$378,345,901
92$528,711,639$12,782,651$1,326,665$416,613,558
93$582,478,139$13,246,913$1,209,021$458,774,510
94$641,723,715$13,728,818$1,082,329$505,225,554
95$707,007,073$14,229,070$946,127$556,403,948
96$778,943,902$14,748,401$799,929$612,791,541
97$858,212,683$15,287,576$643,230$674,919,319
98$945,561,100$15,847,391$475,501$743,372,415
99$1,041,813,093$16,428,674$296,192$818,795,634
100$1,147,876,640$17,032,290$104,725$901,899,539